Crown Castle International Corporation (NYSE:CCI) Rating Reiterated by KeyCorp

KeyCorp restated their hold rating on shares of Crown Castle International Corporation (NYSE:CCI) in a research report report published on Tuesday, October 31st.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Crown Castle International Corporation from a hold rating to a strong-buy rating and set a $120.00 target price for the company in a report on Wednesday, September 20th. BidaskClub raised Crown Castle International Corporation from a buy rating to a strong-buy rating in a report on Wednesday, August 23rd. Macquarie reissued a buy rating and issued a $107.00 price target on shares of Crown Castle International Corporation in a report on Wednesday, July 19th. CIBC reissued a market perform rating on shares of Crown Castle International Corporation in a report on Monday, October 16th. Finally, Jefferies Group LLC reissued a buy rating and issued a $110.00 price target on shares of Crown Castle International Corporation in a report on Monday, July 10th. Nine investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $110.29.

Crown Castle International Corporation (CCI) traded down $1.10 during trading on Tuesday, hitting $110.02. The company had a trading volume of 2,639,248 shares, compared to its average volume of 2,361,406. The company has a debt-to-equity ratio of 1.19, a current ratio of 7.13 and a quick ratio of 7.13. Crown Castle International Corporation has a 12-month low of $80.82 and a 12-month high of $114.97. The firm has a market capitalization of $44,698.39, a P/E ratio of 23.21, a price-to-earnings-growth ratio of 1.60 and a beta of 0.20.

Crown Castle International Corporation (NYSE:CCI) last released its earnings results on Wednesday, October 18th. The real estate investment trust reported $1.03 EPS for the quarter, missing the Zacks’ consensus estimate of $1.10 by ($0.07). Crown Castle International Corporation had a return on equity of 5.93% and a net margin of 11.35%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period last year, the firm earned $1.09 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. analysts expect that Crown Castle International Corporation will post 4.43 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $1.05 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This is a boost from Crown Castle International Corporation’s previous quarterly dividend of $0.95. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.82%. Crown Castle International Corporation’s payout ratio is 316.67%.

In related news, VP Philip M. Kelley sold 10,551 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $113.09, for a total transaction of $1,193,212.59. Following the completion of the sale, the vice president now directly owns 91,808 shares in the company, valued at $10,382,566.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.41% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of CCI. Legacy Advisors LLC purchased a new stake in shares of Crown Castle International Corporation during the third quarter worth approximately $100,000. Winslow Evans & Crocker Inc. increased its position in shares of Crown Castle International Corporation by 36.0% during the second quarter. Winslow Evans & Crocker Inc. now owns 1,050 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 278 shares in the last quarter. Capital Analysts LLC increased its position in shares of Crown Castle International Corporation by 5.0% during the second quarter. Capital Analysts LLC now owns 1,113 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 53 shares in the last quarter. Spectrum Management Group Inc. purchased a new stake in shares of Crown Castle International Corporation during the third quarter worth approximately $124,000. Finally, Fieldpoint Private Securities LLC purchased a new stake in shares of Crown Castle International Corporation during the third quarter worth approximately $137,000. Hedge funds and other institutional investors own 87.01% of the company’s stock.

Crown Castle International Corporation Company Profile

Castle International Corp. (CCIC) is a real estate investment trust (REIT) company. The Company owns, operates and leases shared wireless infrastructure, including towers and other structures, such as rooftops (towers), and to a lesser extent, distributed antenna systems (DAS), a type of small cell network (small cells), and interests in land under third party towers in various forms (third party land interests).

Analyst Recommendations for Crown Castle International Corporation (NYSE:CCI)

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